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Wellspring Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 222632367 ✦ Bangor, ME ✦ Designated as a 501(c)(3)

Overview

What is Wellspring Inc?

Wellspring Inc is a nonprofit organization based in Bangor, Maine, with a workforce of 107 employees. Their primary focus is on providing residential and outpatient services for individuals seeking treatment for substance abuse, particularly those who have co-occurring mental health disorders. The organization's mission is to foster recovery and well-being for those affected by addiction, offering a holistic approach that addresses both the substance abuse issue and any underlying mental health issues. Wellspring Inc's services extend beyond residential care, reaching out to individuals in need and offering support throughout their recovery journey.


Official website here: www.wellspringmaine.com

Is Wellspring Inc legitimate?

Wellspring Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Wellspring Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $97,490
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,774,708

For more financial information, click here


Official website here: www.wellspringmaine.com

What is the mission statement of Wellspring Inc?

Wellspring Inc's mission is centered around providing recovery services for individuals grappling with addiction, including those with co-occurring mental health disorders. This non-profit organization aims to foster a conducive environment for healing and recovery through both residential and outpatient services. In their residential facilities, they cater to both men and women seeking treatment for substance abuse. Their mission is to offer a comprehensive approach to addiction treatment, addressing the unique needs of each individual seeking help.


Official website here: www.wellspringmaine.com

Who is the CEO of Wellspring Inc?

Suzanne Farley is the Executive Di of Wellspring Inc.


Official website here: www.wellspringmaine.com

What is the revenue of Wellspring Inc?

Wellspring Inc's revenue in 2023 was $6,076,512.


Official website here: www.wellspringmaine.com

Who are the executives of Wellspring Inc and what are their salaries?

The average compensation at Wellspring Inc during 2023 was $36,189. There are 107 employees and 50 volunteers at Wellspring Inc.

Here are 12 key members and their salaries:

    Suzanne Farley (Executive Di)
  • Compensation: $97,490
  • Related: $0
  • Other: $13,228

    • Jon Bowen (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Lucie Estabrook (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • William M Shook Jr (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Joanne Lewis (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Chris Maas (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Leah Maxwell (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Leah Maxwell (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Rebecca Mcmahan (Vice Preside) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Dawn M Pelletier (President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Matt Watkins (Trustee/Dire)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Robin Whitney (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.wellspringmaine.com

    Where can I find the form 990 for Wellspring Inc?

    The Wellspring Inc’s most recent form 990 was submitted in 2023 and can be accessed here


    Official website here: www.wellspringmaine.com

    Learn more at the official website: www.wellspringmaine.com

    Mission Statement of Wellspring Inc

    Wellspring Inc, a nonprofit organization, is dedicated to providing residential and outpatient services that promote recovery for individuals battling addiction, particularly those with co-occurring mental health disorders. The mission of Wellspring Inc is to create an environment that fosters healing and recovery, offering support and treatment for those struggling with substance abuse.

    The organization operates co-occurring capable residential facilities for men and women seeking substance abuse treatment. These facilities aim to provide a safe and supportive environment where individuals can focus on their recovery, addressing both their addiction and any mental health issues that may be present. By offering comprehensive care, Wellspring Inc strives to help individuals regain control of their lives and overcome their addiction.

    In summary, Wellspring Inc is an organization that provides residential and outpatient services to those affected by addiction and co-occurring mental health disorders. The mission of Wellspring Inc is to create an environment that fosters healing and recovery, offering support and treatment to those struggling with substance abuse. Through their co-occurring capable facilities, they aim to help individuals regain control of their lives and overcome their addiction.

    Impact

    This information is meant to be a general summary of Wellspring Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




    Tuesday, June 18, 2024

    Wellspring Inc's impact lies in providing crucial residential and outpatient services that support individuals affected by addiction, including those facing co-occurring mental health disorders. By operating co-occurring capable residential facilities for both men and women seeking substance abuse treatment, Wellspring is directly contributing to fostering recovery and healing within its community in Bangor, ME. Through their mission-driven approach, Wellspring is instrumental in helping individuals address their addiction issues while also addressing the complexities of mental health challenges, ultimately leading to improved well-being and a path towards a healthier future.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $651
  • Program Service Revenue: $4,025,349
  • Gross Receipts: $6,076,512

    • Assets and Liabilities:
  • Total Assets: $1,884,396
  • Total Liabilities: $1,532,369
  • Net Assets: $352,027
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    MAINE CARE FEES

    Revenue

    $3,842,014

    OTHER PROGRAM FEES

    Revenue

    $183,335

    Organization Details

    Founding Year

    1985

    Principal Officer

    Suzanne Farley

    Main Address

    98 CUMBERLAND STREET, BANGOR, ME, 04401

    NTEE Category

    Code: F22Z - Mental health

    If you are a representative of Wellspring Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.